Jonathan Blue, a member of the Louisville board of trustees, confirmed to The Associated Press on Wednesday evening that it's a "done deal."

Louisville athletic director Tom Jurich plans to meet with Petrino's agent David Dunn on Wednesday evening to finalize the contract, the report said.

The school announced Wednesday morning that Jurich would meet with members of the Personnel Committee of the Louisville Alumni Association on Thursday. They were expected to discuss the personnel matters.

Petrino was 41-9 in four seasons at Louisville, including an Orange Bowl victory. But his time was tumultuous. He reportedly interviewed for multiple jobs during his tenure, and eventually left to coach the Atlanta Falcons.

Petrino abruptly left that job before the season ended to take the head coaching position at Arkansas. In 2012, Petrino was in a motorcycle accident and told Arkansas AD Jeff Long that he was the only person on the motorcycle.

It was later revealed that Petrino was riding with his mistress, who he'd helped get a job at Arkansas.

He was quickly dismissed after an internal investigation.

Petrino stayed out of coaching for a season, maintaining a good relationship with Jurich, who ultimately recommended him for the head coaching job at Western Kentucky.

Petrino was 8-4 in his only season as WKU's coach.

For terminating his contract with Western Kentucky, Petrino will owe the school $1.2 million, payable in six equal monthly payments beginning with the month following termination.

In addition, because Petrino will be leaving for another FBS program, he is required to "use his best efforts" to schedule a two-year home-and-home series between Louisville and Western Kentucky with no requirement for a guarantee to be paid by either school. The series is to be scheduled within the next 12 months and must begin within the next 12 years.